Senior Manager - Reconciliation
D360 Bank
Employer Active
Posted 7 hrs ago
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Experience
5 - 7 Years
Job Location
Education
Bachelor of Business Administration(Management)
Nationality
Any Nationality
Gender
Not Mentioned
Vacancy
1 Vacancy
Job Description
Roles & Responsibilities
Develop and implement the overall reconciliation strategy in alignment with the organization s financial objectives and regulatory requirements.
Establish policies, controls, and best practices to ensure robust reconciliation processes across multiple financial systems and business units.
Define KPIs and performance metrics to monitor efficiency, effectiveness, and compliance of reconciliation activities.
Manage the reconciliation of all retail banking transactions, including but not limited to, deposits, withdrawals, card payments, ATM transactions, checks, and electronic transfers.
Ensure that all transactions across customer accounts, internal ledgers, and external financial institutions (banks, payment processors) are reconciled accurately and within deadlines.
Ensure the integrity and accuracy of daily, monthly, and quarterly reconciliations, ensuring alignment between various systems, including core banking systems, payment gateways, and third-party vendors.
Identify discrepancies or variances between internal records and external financial data (e.g., bank statements, third-party systems) and take ownership of resolving these discrepancies in a timely manner.
Investigate complex reconciliation issues and escalate unresolved matters to management or relevant stakeholders, providing recommendations for resolution.
Oversee the reconciliation of bank accounts and cash transactions, ensuring that all deposits, withdrawals, and transfers are recorded and processed accurately.
Collaborate with Treasury and Finance teams to ensure accurate reconciliation, cash flow management, and timely settlement of transactions.
Ensure compliance with internal policies, procedures, and regulatory requirements (e.g., anti-money laundering, KYC, and financial crime prevention) in the reconciliation processes.
Lead, mentor, and develop a high-performing reconciliation team, fostering a culture of accountability and continuous improvement.
Define clear roles, responsibilities, and career development paths for team members.
Ensure adequate training on systems, policies, and compliance requirements
Perform any other duties assigned to by line manager related to the nature of the work
Enforce, incorporate, and comply with all necessary controls and related information security (EIS) policies, procedures, practices, training, reporting, personal due diligence and vigilance, within departmental/unit activities and operations
Desired Candidate Profile
i> strong>Preferred Qualifications/strong> /i>
- A tertiary-level qualification from an internationally/regionally recognized institution, preferably with a focus on Accounting, Business, or Finance
br> i> strong>Years & Nature of Experience/strong> /i>
- Recommended to 5 to 7 years of equivalent experience where required competencies and experience has been demonstrated
- An experienced professional who is able to deliver on difficult technical tasks
- Has project implementation experience
- Is self-sufficient at work and could be given small project responsibility
- Has provided technical supervision to junior staff in the past
- Strong understanding of retail banking transactions, financial systems, and reconciliation processes
- In-depth knowledge of core banking systems, payment systems, and financial software (e.g., SAP, Oracle, Finastra).
- Expertise in bank account reconciliation, cash management, and financial reporting.
- Excellent analytical, problem-solving, and troubleshooting skills to resolve complex reconciliation issues.
br> i> strong>Technical Competencies/strong> /i>
- Customer account operations
- Data Collection and Analysis
- Policy and Procedure Development
- Reconciliation
i> strong>Behavioral Competencies/strong> /i>
- Communication
- Attention to detail
- Problem Solving br>
Company Industry
- Banking
- Financial Services
- Broking
Department / Functional Area
- Finance
- Treasury
Keywords
- Senior Manager - Reconciliation
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